EASTON, MD. — G2 Properties has purchased 200,000-square-foot former Cenveo building, a flexible manufacturing/warehouse space, and 12 acres of land in Easton from Cenveo Corp. for $3 million. The redevelopment project, named Achievement Park, includes an extensive medical-grade office overhaul. Bradley Gillis and Joey Gilkerson of Sperry Van Ness | Miller Commercial Real Estate's Salisbury, Md., office represented the buyer. New York-based Corporate Properties represented the seller.
Industrial
YORK COUNTY, PA. — LKQ Corp. has signed a lease for 108,160 square feet at an industrial building, located at 275 Cross Farm Lane in York County, Pa. Jospeh McDermott and Vincent Ranalli of CB Richard Ellis' Industrial Services' Wayne, Pa., office represented the tenant and Henry Steinberg represented the landlord, Exeter Property Group.
IRVINE, CALIF. — Lee & Associates has sold a 15,436-square-foot industrial building to Canaan Irvine Spectrum for $3.1 million. The property contains modifiable office space and 436 square feet of warehouse space. Lee & Associates' Chuck Hardy, Mark Jerue and Craig Fitterer represented the seller, East Irvine Partners. Ryan Campbell of Grubb & Ellis and Amy McNamara of Coldwell Banker represented Canaan Irvine Spectrum.
ORLANDO, FLA. — CB Richard Ellis' Debt & Equity Finance has secured an $11.5 million loan for the 255,499-square-foot CrownPointe 5 & 6, a two-building industrial development located on Kingspointe Boulevard in CrownPointe Commerce Park. Kevin Troy and John Farrell of CBRE's Atlanta office arranged the financing through PNC Real Estate Finance. Tenants of the 89 percent-leased property include Tire Centers, Tri-anim Health Services, G&K Services, Mohawk Industries, Europa Sports Products and Margaritaville Enterprises.
JACKSONVILLE, FLA. — Kaman Aerospace Corp. has signed a 100,800-square-foot lease at a 280,000-square-foot industrial building, located at 780 Whittaker Rd. in Jacksonville. Industrial Park Development Corp. is the landlord of the building. Jeff Graham of King Industrial Realty of Florida/CORFAC International represented the tenant in the transaction.
LOS ANGELES — The Magellan Group has purchased a 235,000-square-foot industrial manufacturing building in San Bernardino, CA, for $5.5 million. The group plans to invest $1 million in building improvements, which should be complete in about four months. The property was purchased with equity partner Penwood Real Estate Investment Management. Finn Comer and Vince Anthony of Lee and Associates represented The Magellan Group in the transaction.
BRISTOL, IND. — FM Stone Commercial has brokered the sale of a 108,768-square-foot industrial property located within Earthway Industrial Park in Bristol. Kem Krest Corp. purchased the facility, formerly occupied by Gunite Corp., for more than $2 million and plans to use it for the company's auto kitting and packaging operations. Peter Letherman of FM Stone represented Kem Krest in the deal. The seller's name was not released.
SOUTH HACKENSACK, N.J. — Gretchen Wilcox and Al Raymond of Morristown, N.J.-based G.S. Wilcox has secured a fixed-rate, $12 million commercial mortgage loan through Great West Life for a 140,838-square-foot warehouse property leased on a long-term basis to a retail restaurant supply distributor.
WILMINGTON, MASS. — A 177,350-square-foot industrial building and approximately 12.17 acres of land, located at 30 Industrial Way in Wilmington, has sold for $4.5 million. Gregory Cahill and Rob Cronin of Lincoln Property Co.'s Boston office represented the seller, Beckwith Realty. The buyer was self-represented.
PFLUGERVILLE – Orlando, Fla.-based Macquarie CNL Global Income Trust, Inc. has purchased a distribution center in Pflugerville fully leased to FedEx Ground Package System, Inc. for $4.5 million. Built in 1991, the 51,189-square-foot distribution center is located on 12.29 acres adjacent to Interstate 35 with direct access to State Highway 45 and downtown Austin. Macquarie CNL Global Income Trust intends to qualify as a real estate investment trust and plans to build a portfolio of U.S. and international properties.